- Dubai FinTech Summit to take place 6 – 7 May at Madinat Jumeirah.
- 2nd edition of the summit will bring together over 8,000 decision-makers, over 300 thought leaders across five stages and more than 200 exhibitors showcasing cutting-edge technologies.
- FinTech landscape is booming with over 800 FinTech start-ups worth USD 15.5bn.
Dubai, 24 April 2024: For the second consecutive year, Dubai will remain in the spotlight as it hosts the second edition of Dubai FinTech Summit, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance of the UAE and President of DIFC. The Summit is set to take place on 6-7 May at Madinat Jumeirah.
Dubai FinTech Summit: Uniting Industry Leaders to Drive Financial Innovation
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region, organizes the Summit. The Summit will bring together 8,000 decision-makers, and over 300 thought leaders. To point out, more than 200 exhibitors will come together to discuss the latest innovations and challenges and showcase cutting-edge technologies.
Mordor Intelligence, a market intelligence and advisory firm, predicts that the global FinTech sector will reach a value of USD 608 billion by 2029. These figures signify the rapid growth. Despite the downward global market trend, experts anticipate that the MENA FinTech market will experience a Compound Annual Growth Rate (CAGR) of over eight percent from 2024 to 2029.
Dubai FinTech Summit will offer a platform for start-ups, investors and industry leaders. It is an opportunity for them to connect and capitalise on the growing FinTech market in the region and beyond. The MENA region’s FinTech start-up and venture capital landscape is booming. In general, the region has over 800 FinTech start-ups worth USD15.5 bn, according to data by dealroom.co. The Summit will be reflecting the ongoing transformation in the financial sector driven by Innovation, Inclusion, and Impact. Markedly, the key themes this year will be Finance Renaissance, Ecofinance and Impact, Investment Vanguard, Regulatory Frameworks, Global Financial Dynamics and FinTech 2.0.
Mohammad Alblooshi, CEO at DIFC Innovation Hub, said: “Nearly 60 per cent of all FinTech companies in the GCC are currently based in Dubai. With the industry growing at an unprecedented rate, it is crucial for stakeholders to gather and discuss the challenges and opportunities that lie ahead. The Dubai FinTech Summit aims to bring together the most prominent figures in the industry, with an agenda focused on driving innovation, inclusivity, and growth for all.
Dubai FinTech Summit: A Gathering of Industry Titans
With an impressive line-up of distinguished local and international speakers, the Dubai FinTech Summit will host a series of panel discussions and fireside chats. In particular, more than 20 governors of financial institutions will attend the summit this year, amongst them, H.E. Essa Kazim, Governor, DIFC, UAE; H.E. Dr. Philmnisi, Governor, Central Bank of Eswatini; H.E. Cheaserey, Governor National Bank of Cambodia; H.E. Martin Galstyan, Governor, Central Bank of Armenia; H.E. John Rwangombwa, Governor, National Bank of Rwanda.
Other notable people namely H.E. Prof. Edward Scicluna, Governor, Central Bank of Malta will participate in discussions during the two-day event. Adena T. Friedman, Chair & CEO of Nasdaq Inc; Nic Dreckman, CEO of Bank Julius Baer & Co.; Yie-Hsin Hung, President & CEO of State Street global advisors and Jim Demare, President global markets at Bank of America. Additionally, many other global industry leaders will also be participating in the various sessions planned for the Summit. Notable local speakers include H.E. Abdullah bin Touq Al Marri, Cabinet Member & UAE Minister of Economy; H.E. Helal Saeed Al Marri, Director General, Department of Economy and Tourism, Dubai; H.E. Salem Humaid Al Marri, Director General, Mohammed Bin Rashid Space Centre, UAE; and H.E. Faisal Belhoul, Vice Chairman of the Dubai Chamber, Chairman of J&F Holding.
Driving FinTech Innovation: Highlights of Dubai FinTech Summit
A key highlight of the Dubai FinTech Summit will be the Grand Finale of the FinTech World Cup (FWC). The champions of the FinTech World Cup will be announced on Day 2 of the summit. The winners will be securing an investment of up to USD 1 million. The competition is a growth-enabling initiative by DFS. It is designed to encourage cross-border collaboration and stellar innovation, pivotal to transforming the global FinTech sector.
The Summit is aligned with the D33 Agenda to position Dubai as the top four global financial hub by 2033. Another key point, the 2nd edition of the Dubai FinTech Summit aims to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. Truly, it presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.
The inaugural Dubai FinTech Summit attracted over 5,000 C-suite leaders from over 90 countries. This also included north of 1,000 investors and more than 150 speakers. Over 20 Memorandum of Understandings were signed with global financial leaders during the Summit.
